Abu Dhabi’s Mubadala among UAE firms targeting Serbian deals - Industries - ArabianBusiness.com:
"Following Etihad Airways’ acquisition of a 49 percent stake in the Serbian national carrier, Abu Dhabi investment fund Mubadala is among a number of UAE companies in talks to help boost trade and investment between the two countries to nearly $3bn.
Etihad announced last week it had bought a 49 percent of Jat Airways, which has been rebranded as Air Serbia, and would invest up to $100m into the loss-making airline in a bid to return it to profitability.
The “groundbreaking deal” is part of wider investment in the central European country by the UAE. Earlier this year, the Gulf state made the largest investment in Serbia in more than 30 years, aimed at helping to lift the Balkans state out of a deep recession."
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